Gold rises as Havens rally in response to growing Evergrande fears!
Fears of a spillover from the debt woes of Asian property developer China Evergrande Group fueled demand for safe havens assets, eclipsing concerns that the Federal Reserve’s stimulus program would be reduced soon. Investor concerns about China’s real estate sector and the Fed’s tapering increased, sending US stocks down more than 2%. “Gold is actually […]
Stocks tread water as gold, oil declines spook sentiment
Global share prices treaded water on Monday as sharp falls in gold and oil prices and concerns over the spread of the Delta coronavirus variant dented sentiment.
Tech leads way to Wall Street rebound as Powell promises steady hand
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.
